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Wishful Thinking, Technology, and the Fate of the Nation The nationally best-selling author of "The Long Emergency" expands on his alarming argument that our oil-addicted, technology-dependent society is on the brink of collapse—that the long emergency has already begun. Beyond the Kubler-Ross maelstrom of denial, anger, depression, etc., besetting this spavined republic, lies the actual grief provoking it all — especially the shocking loss of national purpose embodied by the muppets and puppets onstage nightly vying to bring out the worst in us in an election season far from just silly.And Hillary is the first leading contender for the highest office with a possible indictment looming over her.

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And then President Obama, who is ultimately responsible, did absolutely nothing to prompt that Attorney General into action or replace him with somebody who would act.

Obama’s lame excuse back in the days when informed people were still wondering about this, was that the bankers had done nothing patently illegal enough to warrant investigation — a claim that was absurd on its face.

Would the Federal Reserve then vacuum up every bond that others are dumping on the market? The Bank of Japan has been doing just that with its own government’s bonds to no apparent ill effect, though you kind of wonder what happens when a snake eating its own tail finally reaches its head. My own guess would be three words: you go medieval. No more engines, electric lights, central heating….

In this land, we face a situation in which both the value of money and the cost of borrowing money would be, at last, completely detached from reality — reality being the real cost and value of all goods and services exchanged for money. You can screw around with a lot of things running a society, but when that goes, you’re flirting seriously with anarchy.

This is what comes of attempting to divorce truth from reality, which has been the principal business of American life for several decades now.

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